Farm Credit Canada (FCC) says it will take steps reduce financial pressure on farmers in Western Canada affected by dry weather conditions in the region.
Monday that support will be offered to customers in British Columbia, Alberta, Saskatchewan and Manitoba facing financial difficulties due to the impact of dry weather conditions on crop quality or grazing lands.
“We stand by our customers over the long term. This year’s dry weather in parts of British Columbia, Alberta, Saskatchewan and Manitoba has certainly been challenging for many producers,” Sophie Perreault, the FCC executive vice-president of operations, said in a news release. FCC said it will work alongside customers impacted by current conditions to ease financial pressures and work toward solutions, which may include the deferral of principal payments or other changes to their loan payment schedule.
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